Food and Taxes

 Food and Taxes

Rising prices of petroleum products, electricity and gas have led to a storm of inflation. May be and welcome. It was informed in a meeting chaired by Prime Minister Imran Khan on the economic situation of the country yesterday that the government has prepared a formal mechanism to curb inflation. The Prime Minister directed the Ministers to keep a close watch on inflation in their constituencies and take stern action against hoarders and those who create artificial inflation. Federal Minister Asad Omar told a press conference that the government has completed the preparation of targeted subsidies for those severely affected by inflation. Edible oil prices are being reduced by Rs 50 per liter and sales tax has been reduced from 17% to Rs. 50% is being done. He said that there was record inflation in the United States, China and India. Inflation is higher in the rest of the world than in Pakistan, it is a global problem. He said that inflation has risen all over the world but did not say how much per capita income of people in other countries is higher than Pakistanis. In Pakistan, the working class and millions of low-income people have been left helpless by inflation. Opposition parties are protesting against the government. In such a situation, the decision of the government to reduce the tax on food items is the right step in the right direction. The prices of other things should also be lower otherwise the anti-government movement may gain momentum in the country which will lead to instability and political instability. This issue needs serious consideration. He said that inflation has increased all over the world but did not say how much per capita income of people in other countries is higher than that of Pakistanis. In Pakistan, the working class and millions of low-income people have been left helpless by inflation. Opposition parties are protesting against the government. In such a situation, the decision of the government to reduce the tax on food items is the right step in the right direction. The prices of other things should also be lower otherwise the anti-government movement may gain momentum in the country which will lead to instability and political instability. This issue needs serious consideration. He said that inflation has increased all over the world but did not say how much per capita income of people in other countries is higher than that of Pakistanis. In Pakistan, the working class and millions of low-income people have been left helpless by inflation. Opposition parties are protesting against the government. In such a situation, the decision of the government to reduce the tax on food items is the right step in the right direction. The prices of other things should also be lower otherwise the anti-government movement may gain momentum in the country which will lead to instability and political instability. This issue needs serious consideration. The decision to reduce food taxes is the right step in the right direction. The prices of other things should also be lower otherwise the anti-government movement may gain momentum in the country which will lead to instability and political instability. This issue needs serious consideration. The decision to reduce food taxes is the right step in the right direction. The prices of other things should also be lower otherwise the anti-government movement may gain momentum in the country which will lead to instability and political instability. This issue needs serious consideration.